On 11/30/3031, when ranking member Toomey questioned Powell, Yellen at Banking Committee Hearing, Powell said about inflation: “It’s Probably A Good Time To Retire” The Word “Transitory.”

“We tend to use [the word transitory] to mean that it won’t leave a permanent mark in the form of higher inflation,” Fed Chairman Jerome Powell said, “I think it’s probably a good time to retire that word and try to explain more clearly what we mean.”

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Powell On Inflation: “It’s Probably A Good Time To Retire” The Word “Transitory”, Toomey, Yellen